IoM Publishes Anti-Money Laundering Handbook
The Isle of Man's Financial Supervision Commission earlier this month announced the publication of its Anti-Money Laundering and Countering the Financing of Terrorism Handbook, with the exception of Section 9. Section 9 of the AML/CFT Handbook will comprise sector specific guidance which
will be drafted in due course with further industry consultation. The AML/CFT Handbook has been drafted to provide guidance for the Commission’s
licenceholders on the requirements of the Criminal Justice (Money Laundering)
Code 2007, and the anti-money laundering and countering the financing of terrorism
provisions in Part 9 of the Financial Services Rule Book 2008. The Financial Supervision Commission concluded by announcing that this new AML/CFT Handbook will come into effect on 1st August 2008 to correspond
with the coming into effect of Part 9 of the Financial Services Rule Book, and
will replace the Money Laundering and Prevention of Terrorism Guidance Notes
(April 2003) as amended on that date. The full text of the Anti-Money Laundering and Countering the Financing of Terrorism Handbook can be found in the Tax News Resources section.
|
|
IMPORTANT NOTICE: TAX-NEWS.COM has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments. All materials on this site copyright TAX-NEWS.COM 1999 to 2007. Contact us for further information.